When its larger denomination bills suddenly became worthless in 2016, India’s demonetization became a case study about the role of money.
How the ATM’s Twenty Dollar Bills Affect Us
The Atlanta Fed looked at how we spend our twenty dollar bills to see the ATM’s impact on whether we use cash or debit or credit.
Who, How and When We Use Cash
Although coin and currency are costly to transport and secure, still, cash is a key component of the money supply that people use for low value payments.
